preCharge is a global solution provider with a core focus on maximizing order process efficiency and risk
mitigation. Our primary goal is to assist merchants in doing more business throughout the world online and
off. We are the official service provider of the Certified Payments program and an active supporter of the war
against transaction fraud. preCharge maintains thousands of industry, banking, and government relationships
throughout the globe and has serviced thousands of merchants over the past 5 years while maintaining one of
the highest customer satisfaction rates in the industry. Our solutions are tailored specifically to a merchant’s
needs while still reacting to dynamic requirements quickly and efficiently, effectively utilizing our vast network
of relationships and resources. Since 2003, preCharge has enabled merchants to capture billions of dollars in
lost revenue and has provided the tools, resources, and relationships necessary to do business in over 200
countries around the world.

Product

When it comes to the products preCharge has to offer, they have preCharge Blockchain and preCharge Utility Token.

The preCharge Blockchain is your source for Free Single Sign-On, Multi-Asset, Ultra Secure centralized access to major Merchants, Payment Networks and even Secure Private Messaging. preCharge uses a proprietary BlockChain Technology to process over 1,000 Transactions a second through its Global Network. It takes care of everything so that you don’t have to worry about Wallet addresses, paper Backups or Lost keys anymore since everything is transferred and controlled by your email address.

Rating: 9/10

Potential for Idea

There are a lot of problems when it comes to verification of the identity and transactions in the market as for now. While there are many products available in the market working towards providing a better system for identity and transaction verification, they aren’t as efficient as is required to ensure complete safety.

preCharge allows Consumers and Merchants to validate their Identity and Transactions instantly with its foolproof system. At its core, the system uses the Skein hashing function, which is perhaps the fastest and the best method of encryption in the market right now. The Skein hashing function allows it to be fast enough to validate the identity and transactions of the users instantly.

The idea is certainly one with great potential. If things go as planned, their solution would be the best one in the market. Their solution is highly scalable and is totally secure.

Rating: 9/10

Marketing

preCharge has had the largest bug bounty we have ever seen. It has been promoted on all social media channels from Telegram, Facebook, and Twitter to Whatsapp, FB Messenger, Reddit, and Tumblr. They have been pushing content on their official accounts on a regular basis and have been able to generate quite a stir in the blockchain community. They have 27,800 followers on Twitter and 11,338 followers on Facebook.

Rating: 9/10

Pros & Cons

Some of the benefits of going for preCharge include:

You don’t need to worry about Multiple Wallets, Multiple Logins, and Multiple Registrations

You don’t need to pay a Network fee for inter preCharge Wallet Transfers even with Bitcoin

You can transfer tokens between preCharge Wallets, Bitcoin, and PCPi instantly

You can avail instant deposits for PCPi and Bitcoin

It is based on Universal Open Source Standards and is hence complete and transparent

It secures your wallet with a three-factor authentication making it highly secure

The only downside of choosing preCharge is that it uses Skein hash function and not SHA. Hence many would find it harder to trust it which may affect how they serve users.

It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.

About us

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